Abrdn (OTCMKTS:SLFPY) Shares Down 0.6% – Here’s What Happened

by · The Cerbat Gem

Shares of Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY – Get Free Report) were down 0.6% on Tuesday. The stock traded as low as $13.0550 and last traded at $13.0550. 141 shares were traded during mid-day trading, an increase of 180% from the average daily volume of 50 shares. The stock had previously closed at $13.13.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Abrdn from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Read Our Latest Report on SLFPY

Abrdn Trading Down 0.6%

The firm’s 50-day simple moving average is $13.33 and its 200 day simple moving average is $12.71.

Abrdn Company Profile

(Get Free Report)

abrdn plc is a United Kingdom-based investment and wealth management company headquartered in Edinburgh, Scotland. The company provides investment solutions and financial services to institutional investors, financial advisers, wealth managers, and individual clients.

Its investment business manages portfolios across equities, fixed income, multi-asset strategies, real assets, private markets, and other alternative investments. Through its adviser and personal wealth operations, abrdn also offers financial planning, investment platforms, savings products, and wealth management services.

The company was formed in 2017 through the merger of Standard Life and Aberdeen Asset Management and adopted the abrdn brand in 2021.

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